Province of Newfoundland and Labrador Pooled Pension Fund Plan Update
|
|
- Patrick Burns
- 5 years ago
- Views:
Transcription
1 Province of Newfoundland and Labrador Pooled Pension Fund 2007 Plan Update
2 PROVINCE OF NEWFOUNDLAND AND LABRADOR POOLED PENSION FUND The Province of Newfoundland and Labrador Pooled Pension Fund (the Fund) was created on July 1, 1980 under the authority of the Pensions Funding Act to provide for the funding of pension plans sponsored by the Province. The affairs of the Fund are the responsibility of the Minister of Finance, as Trustee. As of December 31, 2007 total Fund assets were $6.7 billion, an increase of $900 million since December 31, This net increase was mainly the result of $982 million in special payments made by Government to the Public Service Pension Plan during The total unfunded liability as of December 31, 2007 was $1.8 billion, down from $2.2 billion in Funded Position Net Assets Available for Benefits ($ billions) Unfunded Liability ($ billions) Legislative Framework While the plan provisions are governed by the specific enabling legislation for each plan and the Pensions Funding Act, pension plans, in general, are closely regulated and monitored by the Provincial pension authority under the Pension Benefits Act, 1997 (PBA) and by the Canada Revenue Agency under the Income Tax Act (ITA). These regulatory bodies, jointly, provide for equitable treatment of all employees who participate in pension plans. Pension Benefit Standards legislation, which is established in the PBA, ensures that all employees under a plan receive similar or equal treatment, while the ITA establishes the level of tax assistance pension plans can provide to their members.
3 Pension Investment Committee The Pension Investment Committee (PIC) advises the Minister of Finance, as Trustee, on the operation of the investment of the Fund. The Fund was established to finance benefits under the various Government sponsored pension plans, including the Public Service Pension Plan, the Teachers Pension Plan, the Uniformed Services Pension Plan, the Members of the House of Assembly Pension Plan and the Provincial Court Judges Pension Plan. The PIC has 15 members comprised of representatives from Government and the plans stakeholders, including employee groups and pensioners, with the Deputy Minister of Finance as the Chair. Responsibilities of the PIC include the review of all the financial activities of the Fund; the development, review and implementation of Fund objectives and investment strategies; and the recommendations for the appointment of investment consultants, a custodian and investment managers as required. The PIC also oversees the operations of Newvest Realty Corporation (Newvest). Newvest was established solely to facilitate the Fund s investment in real estate. Pension Investment Committee Government Representatives: Terry Paddon, Chairperson Donna Brewer, Vice-Chair Ron Williams Rick Hayward Maureen McCarthy Earl Saunders Gerald Dawe, Secretary Deputy Minister of Finance Assistant Deputy Minister, Financial Planning and Benefits Administration, Department of Finance Comptroller General Assistant Deputy Minister, Corporate Services, Department of Education Director, Pension Administration Director, Debt Management Manager, Pension Investments Employee/Pensioner Representatives: Bert Blundon Newfoundland and Labrador Association of Public and Private Employees Debbie Forward Newfoundland and Labrador Nurses Union Edward Hancock Newfoundland and Labrador Teachers Association Sharon King Association of Allied Health Professionals Doug Laing Public Sector Managers Association Eric Salter Newfoundland and Labrador Public Service Pensioners Association Dave Reynolds Canadian Union of Public Employees Non-Government Representative: Roger Crosbie Private Sector Representative
4 Consulting Team To assist with the implementation of investment policy, the PIC has retained the services of Russell Investments Canada, an internationally recognized firm of investment consultants. Russell assists the PIC in the design, implementation, and ongoing evaluation of all aspects of the pension investment program. More specifically, this firm assists the PIC in matters concerning fund governance, objective setting, asset allocation, investment strategy, manager structure, manager selection, and ongoing performance measurement and manager evaluation. In addition, the Fund retains the services of RBC Dexia Investor Services as the custodian, to provide trade settlement, income collection, asset valuation and other custodial services related to the securities held by the Fund. Investment Activity The Fund was established as a vehicle to invest employee and employer pension plan contributions in the capital markets with a long term goal to achieve investment returns on those contributions sufficient to meet the cost of the pension obligations as they become due. As the obligations of the participating pension plans are not fully funded, any excess returns achieved in the portfolio will slow the growth in the unfunded portion. In evaluating the long term pension obligations of the Province, the Province s actuary currently uses a long term annual interest rate of 7.5% to discount the obligations. Similarly, in determining the cash flow requirements of the plans over the valuation period, the actuary assumes that the assets will achieve a similar rate of return. The PIC is mandated to develop and implement an investment strategy with the primary objective of securing the promised pension benefits at a manageable cost to both government and employees. The long term average targeted rate of return is currently 7.5%. The PIC has implemented an asset mix policy and selected investment managers with a view to achieving annual investment returns that exceed the annual returns earned by the relevant capital market indices. It is hoped that this investment strategy will result in a long term return that exceeds the actuarial discount rate.
5 Asset Mix Actual (%) Policy (%) Target Range Canadian Equities U.S. Equities Non North American Equities Real Estate Canadian Bonds The current asset mix strategy of 80% equities and 20% fixed income was adopted based on the plans going concern funded ratio and the need to manage the growth of the unfunded liabilities. To further diversify the impact of investment volatility and enhance expected returns, equity and debt investments are allocated among broad asset classes. While returns in excess of the discount rate will not be achievable every year, since the inception of the Fund in 1980, the annual rate of return has averaged 10.8%. The PIC has delegated the investment of pension fund assets to a team of prominent investment management firms selected with the assistance of Russell Investments Canada. Each firm is selected through a disciplined process to ensure that the investment style of that firm is compatible with the investment structure and objectives of the Fund. Upon hiring, an investment manager contract and an
6 investment manager mandate is signed. This mandate sets out the performance standards, describes the roles, responsibilities and investment guidelines for the manager. The external investment management team and the assets being managed by each firm is as follows: Baillie Gifford Overseas Ltd. Beutel Goodman & Company Ltd. Connor, Clark & Lunn Investment Management Ltd. Genus Capital Management Inc. Mulvihill Capital Management Inc. Bentall Investment Management Ltd. Phillips, Hager & North Investment Management Ltd. Sprucegrove Investment Management Ltd. UBS Global Asset Management (Canada) Co. Jacobs Levy Equity Management Inc. Systematic Financial Management Ltd. Non North American Equity Canadian Equity, Canadian Bonds Canadian Equity Canadian Equity Canadian Equity Real Estate Canadian Bonds Non North American Equity Canadian Equity, U.S. Equity, Canadian Bonds U.S. Equity U.S. Equity The Fund s return of 2.5% in 2007 was 0.6% ahead of the policy benchmark of 1.9%. This added return was primarily driven by the Canadian equity managers, who outperformed their benchmarks. The bond managers and U.S. equity managers added return above their benchmarks, while the non-north America category was the only detractor. The real estate portfolio (Newvest) also outperformed its benchmark. The Fund s investment results for the five years ending December 31, 2003 to 2007 are presented below. Investment Performance Annual Returns (%) Total Fund Policy Benchmark Return* Canadian Equities S&P/TSX Index U.S. Equity S&P 500 Index Non-North American Equity MSCI EAFE Index Real Estate (Newvest) ICREIM/IPD Canadian Bonds SC Universe Index *Policy Benchmark Return is defined as the rate of return which would have been earned had the fund been invested in securities identical to the various indices.
7 PLAN ACTIVITY REPORT The following pension plans participated in the Fund at December 31, All contributions deducted from employees, together with matching amounts from their employers, are paid into the Fund for investment. Plan Effective Date Authority Administrator Public Service Pension Plan (PSPP) April 1, 1967 Public Service Pensions Act, 1991 Pensions Administration Division, Department of Finance Teachers Pension Plan (TPP) January 1, 1991 Teachers (Pensions) Act Pensions Administration Division, Department of Finance, in cooperation with the Department of Education, the School Boards, and the Newfoundland and Labrador Teachers Association (NLTA) Uniformed Services Pension Plan (USPP) December 3, 1982 Uniformed Services Pensions Act Pensions Administration Division, Department of Finance, in cooperation with the Department of Justice, the Royal Newfoundland Constabulary and the City of St. John s Fire Department Members of the House of Assembly Pension Plan (MHAPP)* January 1, 1976 Members of the House of Assembly Retiring Allowances Act Pensions Administration Division, Department of Finance, in cooperation with the House of Assembly Provincial Court Judges Pension Plan (PCJPP)* April 1, 2002 Provincial Court Judges Pension Plan Act Pensions Administration Division, Department of Finance * In order to meet the plan registration requirements of Canada Revenue Agency, the MHAPP and the PCJPP are comprised of two components, a Registered Plan, which provides registered pension benefits allowable under the Income Tax Act (Canada), and a Supplementary Plan, which provides benefits in excess of the Income Tax Act (Canada) maximum benefit limits. This report contains information which pertains to the Registered Plans only.
8 Actuarial Valuations In accordance with the requirements of the Pension Benefits Act, 1997, actuarial valuations have been completed on each plan. The purpose of the valuation is to determine and examine the funded status of the plans as of the valuation date, the funding arrangements from the date of the valuation and the long-term cash flow projections for the plan. All actuarial valuations were completed by Mercer Human Resource Consulting. Actuarial Valuations Summary of Results Plan Date of Valuation Actuarial Value of Assets Actuarial Liability (Unfunded Liability) Excess Funded Ratio Next Valuation PSPP December 31, 2006 $2,630,150,000 $4,464,970,000 ($1,834,820,000) 58.9% December 31, 2003 $1,671,110,000 $3,636,500,000 ($1,965,390,000) 46.0% December 31, 2009 (to be completed during 2010) TPP August 31, 2006 $2,750,940,000 $3,344,950,000 ($594,010,000) 82.2% August 31, 2003 $779,390,000 $2,952,440,000 ($2,173,050,000) 26.4% August 31, 2009 (to be completed during 2010) USPP December 31, 2005 $62,530,000 $269,590,000 ($207,060,000) 23.2% December 31, 2003 $28,990,000 $238,660,000 ($209,670,000) 12.1% December 31, 2008 (to be completed during 2009) MHAPP December 31, 2006 $11,220,000 $9,820,000 $1,400, % December 31, 2003 $11,120,000 $5,630,000 $5,490, % December 31, 2009 (to be completed during 2010) PCJPP December 31, 2004 $1,206,000 $1,244,000 ($38,000) 96.9% December 31, 2002 $549,100 $571,100 ($22,000) 96.1% December 31, 2007 (to be completed during 2008)
9 Contributions and Payments In accordance with an agreement entered into with the public sector unions, the Province made special contributions totaling $982 million to the Public Service Pension Plan during Special payments totaling $1,953 million were made to the Teacher s Pension Plan during Pension Contributions Plan Contributions from Active Members Regular Employer Contributions Special Payments by Government Total Contributions 2007 Total Contributions 2006 PSPP $88,534,000 $86,938,000 $982,000,000 $1,157,472,000 $220,400,000 TPP $37,187,000 $34,420,000 - $71,607,000 $2,021,100,000 USPP $2,948,000 $2,920,000 - $5,868,000 $24,800,000 MHAPP $446,000 $550,000 - $996,000 $585,000 PCJPP $192,000 $69,000 - $261,000 $269,000 Totals $129,307,000 $124,897,000 $982,000,000 $1,236,204,000 $2,267,154,000 There were no changes in the contribution rates for members of the participating plans during Contribution Rates Plan PSPP TPP USPP MHAPP PCJPP Rates 8.6% of earnings up to YBE*; 6.8% of earnings from YBE up to YMPE**; 8.6% of earnings above YMPE; matched by the employer 9.35% for both members and employers 8.5% of earnings up to YBE; 6.7% of earnings from YBE up to YMPE; 8.5% of earnings above YMPE: matched by the employer 9.0% for members; balance paid by the employer 9.0% for members; balance paid by the employer * Canada Pension Plan s Year s Basic Exemption ** Canada Pension Plan s Year s Maximum Pensionable Earnings
10 Total pension payments in 2007 were approximately $34 million higher than in 2006, largely due to the increased numbers of pensioners. Pension Payments Plan Pension Benefit Payments Refunds to Members Administrative Expenses Total Pension Payments 2007 Total Pension Payments 2006 PSPP $190,723,000 $18,405,000 $9,947,000 $219,075,000 $198,176,000 TPP $214,030,000 $3,462,000 $7,716,000 $225,208,000 $214,836,000 USPP $15,629,000 $1,248,000 $311,000 $17,188,000 $15,008,000 MHAPP $205,000 $5,000 $96,000 $306,000 $166,000 PCJPP $51,000 - $38,000 $89,000 $45,000 Totals $420,638,000 $23,120,000 $18,108,000 $461,866,000 $428,231,000 Plan Participation Overall participation in the Fund increased from 2006 to 2007 due to increases in the numbers of active members and pensioners in the PSPP, TPP and the USPP. The number of pensioners in the MHAPP was reduced during 2007 as a result of those former MHA s who were transferred to the Supplementary Plan. Plan Participation Plan Year Active Members Deferred Members Pensioners Total PSPP TPP USPP MHAPP PCJPP Total , ,155 41, , ,530 39, , ,545 14, , ,339 13, , , ,344 1,712 21,359 57, , ,533 53,649
11 PROVINCE OF NEWFOUNDLAND AND LABRADOR POOLED PENSION FUND CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2007
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36 PARTICIPATING EMPLOYERS
37 Public Service Pension Plan Aramark Canada Limited Association of Registered Nurses of Newfoundland and Labrador Bay St. George Residential Support Board Bay St. George Youth Assessment Centre Bill & Paul s Community Living Home Board of Commissioners of Public Utilities C.A. Pippy Park Commission Canada Newfoundland Offshore Petroleum Board Central Health Authority Central School District Churchill Falls (Labrador) Corporation College of the North Atlantic Conseil Scolaire Francophone Council for Licensed Practical Nurses Department of Business Department of Education Department of Education (School for the Deaf) Department of Education (Student Assistants) Department of Environment & Conservation Department of Executive Council Department of Finance Department of Fisheries and Aquaculture Department of Government Services Department of Health & Community Services Department of Human Resources, Labour & Employment Department of Human Resources, Labour & Employment (Central) Department of Innovation, Trade & Rural Development Department of Justice Department of Labrador & Aboriginal Affairs Department of Municipal & Provincial Affairs Department of Natural Resources Department of Tourism, Culture & Recreation Department of Transportation & Works Eastern Health Authority Eastern School District Eastern Residential Support Board Grace Sparkes House House of Assembly Iris Kirby House Labrador-Grenfell Health Authority Labrador Hydro Project Labrador School District Municipal Assessment Agency Newfoundland & Labrador Foster Families Association Newfoundland & Labrador Health Boards Association Newfoundland & Labrador Hydro Newfoundland & Labrador Arts Council Newfoundland & Labrador Youth Centre Newfoundland & Labrador Housing Corporation Newfoundland & Labrador Nurses Union Newfoundland & Labrador Association of Public and Private Employees (NAPE) Newfoundland Legal Aid Commission Newfoundland Liquor Corporation Office of the Auditor General Pine Heights Group Home Provincial Information & Library Resources Board Provincial Advisory Council Public Service Commission Public Service Credit Union St. Francis Foundation T.J. McDonald Achievement Home The Rooms Corporation Western Health Authority Western School District Workplace Health, Safety & Compensation Commission Xwave Solutions Teachers Pension Plan Central School District Conseil Scholaire Francophone Eastern School District Labrador School District Western School District Newfoundland & Labrador Teachers Association Uniformed Services Pension Plan Department of Justice (Correctional Officers) Royal Newfoundland Constabulary (Non-management) Royal Newfoundland Constabulary (Management) St. John s Regional Fire Department Members of the House of Assembly Pension Plan House of Assembly Provincial Court Judges Pension Plan Department of Justice
38 RECIPROCAL TRANSFER AGREEMENTS
39 Public Service Pension Plan Province of British Columbia Pension Plan Province of Manitoba Pension Plan Province of New Brunswick Pension Plan Province of Nova Scotia Pension Plan Province of Ontario Pension Plan Province of Prince Edward Island Pension Plan Province of Quebec Pension Plans (RREGOP, RRE, RRF, RROE and RRPE) Canadian Pacific Hotels Pension Plan City of St. John s Pension Plan Colleges of Applied Arts and Technology Council of Atlantic Premiers Pension Plan Town of Gander Pension Plan Government Money Purchase Pension Plan Government of Canada (Federal Superannuation) Halifax Regional Municipality Pension Plan Prince Edward Island Health & Community Services Lakehead University Newfoundland & Labrador Municipal Employee Benefits Inc. NewTel Pension Plan Ontario Municipal Employees Retirement Board (OMERS) Ontario Public Service Employees Union (OPSEU) British Columbia Municipal Pension Plan British Columbia College Pension Plan University of Prince Edward Island Nova Scotia Association of Health Organizations Teachers Pension Plan Multilateral Reciprocal Transfer Agreement Between Provincial Teacher Pension Plans Government Money Purchase Pension Plan United Church of Canada Government Money Purchase Pension Plan Uniformed Services Pension Plan Government Money Purchase Pension Plan Members of the House of Assembly Pension Plan
40 GLOSSARY
41 Act - Each pension plan is established by an Act. The Acts establishing the Government of Newfoundland and Labrador's pension plans are: Public Service Pensions Act, 1991 Teachers' Pensions Act, 1991 Uniformed Services Pensions Act, 1991 Members of the House of Assembly Retiring Allowances Act Provincial Court Judges Pension Plan Act Actuarial Valuation - Assessment of the financial health of a pension plan by an independent actuarial consulting firm. Actuary - A person who is a Fellow of the Canadian Institute of Actuaries. Actuaries are business professionals who apply their knowledge of mathematics, probability, statistics, and risk theory, to real-life financial problems involving future uncertainty. These uncertainties are usually associated with life insurance, property and casualty insurance, annuities, pension or other employee benefit plans, or providing evidence, in courts of law, on the value of lost future earnings. Annual Benefit Statement - Once a year, plan members receive a benefit statement through their employer that describes their status in the plan. The statement gives many details including: normal retirement date early retirement date an estimate of the amount of a plan member's pension benefit at the statement date, assuming they are already eligible survivor pension entitlement credited pensionable service accumulated contributions in the plan (including interest), and balance owing on purchase of service contracts. Benefit - A commuted value, pension, refund or any other entitlement payable to the plan member (or a survivor of the plan member) by the pension plan. Canada Pension Plan (CPP) - The federal pension plan administered by Human Resources Development Canada. It applies in all provinces and territories of Canada except Quebec. Consumer Price Index (CPI) - The consumer price index measures monthly and yearly changes in the cost of 300 goods and services commonly bought by Canadians. If the combined cost of this "basket" of items goes up, then there has been inflation. The greater the increase, the higher the inflation rate has become. Pensions paid under the Public Service Pension Plan and the Teachers' Pension Plan are ndexed to the cost of living, and the consumer price index is one of the factors used to calculate annual cost of living increases for pension benefits. Contribution - The amount of money the plan member and the employer are required to pay into the pension plan. Contribution Rate - The percentage of the plan member s salary that the plan member and the employer contribute to the plan. Deferred Pension - A pension payable at a later date, either because the plan member terminates employment before the earliest date at which the pension may begin, or because the plan member chooses to have the pension commence at a later date. For example, a plan member may choose to defer a pension in order to later receive an unreduced pension. Disability Pension - A pension benefit payable to disabled plan members who meet the eligibility criteria established by the relevant pension plan. Indexing - Increases to monthly pension amounts based on the annual increase in the cost of living. If the cost of living decreases, the pension amount remains the same - it does not decrease. Liabilities - The cost of a pension plan's current and future benefit commitments (the amount required to pay for benefits that are currently being paid by the plan plus the amount required to pay for benefits that are expected to be paid in the future). PBA - See Pension Benefits Act Pension - A lifetime semi-monthly income paid by your pension plan. Pension Benefits Act (PBA) - The provincial statute designed to protect the interests of pension plan members of Newfoundland and Labrador. The PBA sets minimum standards for pension plans in areas such as eligibility, vesting, portability and disclosure to members and sets out rules for the solvency and investment of pension plans. Pension Fund - Trust fund in which your contributions and your employer's contributions accumulate and are invested to pay for current and future pension benefits. Policy Benchmark - The rate of return which would have been earned had the fund passively invested in the various capital markets that percentage allocation of total fund assets as is adopted in its overall asset mix strategy. I
42 Reciprocal Transfer Agreement - Means an agreement between two or more plans under which service with any party to the agreement will be recognized for purposes such as: satisfying minimum service requirements for plan participation; fulfilling minimum service requirements for benefit entitlement; preventing a break in continuous service; or accruing pension service credits The agreement provides for the transfer of an appropriate sum of money from the pension fund of one employer directly to the pension fund of another, to fund benefits of an employee who leaves the first employer to enter employment with the second. Refund of Contributions - Cash refund of your past contributions to the plan, plus a legislated amount of interest. Unfunded Liability - Occurs when there are fewer assets in the fund than liabilities. Valuation - An actuarial examination of a pension plan to determine whether contributions are being accumulated at a rate sufficient to provide the funds out of which the promised pensions can be paid when due. The valuation shows the actuarial liabilities of the plan and the applicable assets. Year's Basic Exemption (YBE) - A portion of earnings upon which no CPP contributions are required. The YBE is $3,500 and is included in salary for the purpose of calculating CPP benefits. Year's Maximum Pensionable Earnings (YMPE) - Maximum salary limit for contributions to the Canada Pension Plan. The YMPE for 2007 is $43,700. Survivor Benefit - A benefit payable to the principal beneficiary or child of an active plan member, inactive plan member or retired plan member. Trustee - Person or persons who have been entrusted with managing a trust's assets in the best financial interest of the trust's beneficiaries. Where pensions are concerned, an individual plan member's "trust" is their pension plan benefits. A pension plan's "trust" is the pension plan and the pension fund. Trustees are fiduciaries. They must abide by all laws, rules and regulations governing trustees. They have a duty: to adhere to the terms of the trust and to the law to act personally and not to delegate to act as a prudent person would act, that is, with care to act with loyalty to the trust, that is, to avoid any conflict of interest of impartiality, that is, to act in an even-handed manner to safeguard and invest the assets to inform the beneficiaries, and to pay the proper amounts to the proper beneficiaries.
Department of Finance. Pension Investment Committee Activity Report
Department of Finance Pension Investment Committee 2015 Activity Report October 2016 Table of Contents MESSAGE FROM THE CHAIR... 1 1.0 Overview... 2 2.0 Mandate... 3 3.0 Values... 3 4.0 Primary Clients
More informationPensions Investment Committee Province of Newfoundland and Labrador Pooled Pension Fund Annual Report
Pensions Investment Committee Province of Newfoundland and Labrador Pooled Pension Fund 2016 Annual Report Table of Contents Message from the Chair... i 1.0 Overview... 1 2.0 Mandate... 1 3.0 Key Statistics...
More informationPensions Investment Committee Province of Newfoundland and Labrador Pooled Pension Fund Annual Report
Pensions Investment Committee Province of Newfoundland and Labrador Pooled Pension Fund 2017 Annual Report Table of Contents Message from the Chair... i 1.0 Overview... 1 2.0 Mandate... 1 3.0 Key Statistics...
More informationNova Scotia Teachers Pension Plan Guide Booklet. Nova Scotia Teachers Pension Plan Guide Booklet
Nova Scotia Teachers Pension Plan Guide Booklet The information presented in this publication is premised on the rules and criteria which currently exist under the Teachers Pension Plan and which are subject
More informationThe Public Service Pension Plan. Employee Booklet
The Public Service Pension Plan Employee Booklet Table of Contents Preface... 1 An Introduction to the Public Service Pension Plan... 2 Public Service Pension Plan Reform... 3 Eligibility for Membership...
More informationPROVINCE OF PRINCE EDWARD ISLAND TEACHERS' SUPERANNUATION FUND FINANCIAL STATEMENTS JUNE 30, 2003
FINANCIAL STATEMENTS AUDITOR'S REPORT To the Commissioners of the Teachers' Superannuation Commission Province of Prince Edward Island I have audited the Statement of Net Assets Available for Benefits
More informationJ. Alan McIsaac, Minister of Education and Early Childhood Development Ministre de l Éducation et du Développement de la petite enfance
To His Honour, the Honourable H. Frank Lewis May it Please Your Honour: Son Honneur, L honorable H. Frank Lewis Monsieur le lieutenantgouverneur, In accordance with section 3 of the Teachers Superannuation
More informationTEACHERS SUPERANNUATION FUND ANNUAL REPORT
TEACHERS SUPERANNUATION FUND ANNUAL REPORT For the Fiscal Year Ending June 30, 2004 To His Honour the Honourable J. Leonce Bernard May it please your Honour: In accordance with section 3 of the Teachers
More informationNews & Views. Knowledge & Insights. Ontario delays ORPP. Volume 13 Issue 3 March In this issue
Knowledge & Insights News & Views Volume 13 Issue 3 March 2016 In this issue 1 Ontario delays ORPP 2 Ontario Budget 2016: pension and benefits related measures 4 BC: changes to health premiums 5 Ontario:
More informationREPORT OF THE AUDITOR GENERAL
REPORT OF THE AUDITOR GENERAL To the House of Assembly UPDATE ON PRIOR YEARS REPORT RECOMMENDATIONS 2012 Office of the Auditor General Newfoundland and Labrador The Auditor General reports to the House
More informationPension Plan for the Academic and Administrative. Employees of the University of Regina. Financial Statements
Financial Statements For the Year Ended Statement 1 Pension Plan for the Academic and Administrative Statement of Net Assets Available for Benefits, Accrued Pension Benefits and Surplus As at December
More informationAnnual Report of The Memorial University Pension Plan
Annual Report of The Memorial University Pension Plan April 1, 2014 to March 31, 2015 Department of Human Resources, Memorial University of Newfoundland St. John s, NL A1C 5S7 (709) 864-7406 pensions@mun.ca
More informationSPECIMEN Application for Registration of a Pension Plan (Application)
(Application) All Applications must be submitted to FCAA via the Registration and Licensing System (RLS) The fields found throughout this SPECIMEN Application identify data that you will need to know prior
More informationActuarial Valuation. Assessment of the financial health of a pension plan by an independent actuarial consulting firm.
12 Definitions Accrue. To accumulate over a period of time. For example, service accrues with each month worked. Active Member. Plan member making (or deemed to be making) regular contributions to the
More informationPrograms and Services
THE TEACHERS' PENSION PLAN, 1991 (Main Plan) Prepared by Programs and Services Newfoundland and Labrador Teachers' Association Revised March 2018 I. ELIGIBILITY The following categories are recognized
More informationPROVINCE OF PRINCE EDWARD ISLAND CIVIL SERVICE SUPERANNUATION FUND FINANCIAL STATEMENTS MARCH 31, 2007
FINANCIAL STATEMENTS AUDITOR'S REPORT Honourable Wesley J. Sheridan Provincial Treasurer Province of Prince Edward Island I have audited the statement of net assets available for benefits of the Civil
More informationNEWFOUNDLAND AND LABRADOR TEACHERS ASSOCIATION
2 THANK Main Types YOU of Workplace Pension Plans Defined THANK Contribution YOU (DC) Similar to an RRSP Defined Contribution (DC) Employee and employer contributions plus investment earnings accumulate
More informationHow can I obtain information relating to my pension investment?
Under what authority does the Memorial University Pension Plan operate? The Memorial University Pension Plan is a legislated public sector pension plan that operates under the authority of the Memorial
More informationPART 2.1 EXECUTIVE COUNCIL RE-EMPLOYMENT OF PENSIONERS
PART 2.1 EXECUTIVE COUNCIL RE-EMPLOYMENT OF PENSIONERS Executive Summary Government pays pension benefits through the Province of Newfoundland and Labrador Pooled Pension Fund (the Fund) to retired public
More informationGovernment Money Purchase Pension Plan Committee Activity Report
Government Money Purchase Pension Plan Committee 2017 Activity Report Honourable Tom Osborne Minister of Finance Government of Newfoundland and Labrador Confederation Building St. John s, NL A1B 4J6 Dear
More informationThe Nova Scotia Minimum Wage Review Committee
Annual Report January 2016 The Nova Scotia Minimum Wage Review Committee Minimum Wage Review Committee Report Page 1 of 5 Honourable Kelly Regan Minister of Labour and Advanced Education 5151 Terminal
More informationAnnual Pension Report
2013 Annual Pension Report (for Plan Year ending September 30, 2013) In this Report, you ll find information on: Highlights for 2013 Plan Governance Funded Position of the Plans Investment Policy Investment
More informationAnnual Report of The Memorial University Pension Plan
Annual Report of The Memorial University Pension Plan April 1, 2012 to March 31, 2013 Department of Human Resources Memorial University of Newfoundland St. John s, NL A1C 5S7 (709) 864-7406 pensions@mun.ca
More informationApplication for Registration of a Pension Plan To be completed and signed by the Plan Administrator
1 Plan identification Plan Name Application for Registration of a Pension Plan To be completed and signed by the Plan Administrator Effective Date Plan Fiscal Year End Registration Number*, if known *
More informationActivity Plan APRIL 1, 2008 TO MARCH 31, 2011 THE MEMORIAL UNIVERSITY PENSION PLAN DEPARTMENT OF HUMAN RESOURCES, MEMORIAL UNIVERSITY OF NEWFOUNDLAND
Activity Plan APRIL 1, 2008 TO MARCH 31, 2011 THE MEMORIAL UNIVERSITY PENSION PLAN DEPARTMENT OF HUMAN RESOURCES, MEMORIAL UNIVERSITY OF NEWFOUNDLAND The Memorial University Pension Plan ACTIVITY PLAN
More informationMINISTER OF FINANCE RECOMMENDATIONS FOR REFORMS TO THE PENSION BENEFITS ACT (PBA) THE PENSION COMMISSION OF MANITOBA
MINISTER OF FINANCE RECOMMENDATIONS FOR REFORMS TO THE PENSION BENEFITS ACT (PBA) THE PENSION COMMISSION OF MANITOBA NEW PLAN DESIGNS Recommendation That a new target benefit/shared risk plan design for
More informationAge Distribution - Active Members 2017 vs. 2007 800 700 600 500 400 300 200 100 0 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65+ 2017 2007 The policy asset mix set for the investment of the
More informationNew Brunswick Teachers Pension Plan
A guide for plan members Vestcor Pension Services Corporation www.vestcor.org/pensions Revised May 2017 Disclaimer: This booklet is for information purposes only. No rights are conferred by this booklet.
More informationAnnual Pension Report
2016 In this Report, you ll find information on: Highlights for 2016 Plan Governance Funded Position of the Plan Investment Policy Investment Performance Appendix Pension Plan Basics University of Guelph
More informationIndividual Taxation Tax Planning Guide
Taxable Income TABLE I1 ONTARIO (2014) TAX TABLE Tax Effective Marginal Rate Federal Ontario Total Rate Federal Ontario Total $ $ $ $ 10,000-17 17 0.2 0.0 5.0 5.0 11,000-67 67 0.6 12.9 5.1 18.0 12,000
More informationAnnual Report of The Memorial University Pension Plan
Annual Report of The Memorial University Pension Plan April 1, 2011 to March 31, 2012 Department of Human Resources Memorial University of Newfoundland St. John s, NL A1C 5S7 (709) 864-7406 pensions@mun.ca
More informationComments on Selected Financial Information. 4.3 Debt
4.3 Debt As at 31 March 2006, borrowings were reported in the Consolidated Statement of Financial Position at $6.5 billion, which represents total borrowings of $7.4 billion less sinking fund assets of
More information2.15 Province of Newfoundland and Labrador Pooled Pension Fund
Introduction Te Province of Newfoundland and Labrador sponsors defined benefit pension plans for its full-time employees and tose of its agencies, boards and commissions, and for members of its Legislature.
More informationPrepared by Lesha Van Der Bij of Osler, Hoskin & Harcourt LLP
Volume 20, No. 2 - December 2011 Pensions and Benefits Section LEGISLATIVE AND REGULATORY UPDATE Prepared by Lesha Van Der Bij of Osler, Hoskin & Harcourt LLP Federal Federal Bill C-25 re Pooled Registered
More informationFederal and Provincial/Territorial Tax Rates for Income Earned
by a CCPC Effective January 1, 2015 and 2016 by a CCPC Effective January 1, 2015 1 Federal rates General corporate rate 38.0% 38.0% 38.0% Federal abatement (10.0) (10.0) (10.0) 28.0 28.0 28.0 business
More informationVolume 1 Financial Statements. Public Accounts. for the fiscal year ended 31 March. Printed by Authority of the Legislature Fredericton,N.B.
Volume 1 Financial Statements Public Accounts for the fiscal year ended 31 March 1997 Printed by Authority of the Legislature Fredericton,N.B. Volume 1 Financial Statements Public Accounts for the fiscal
More informationPublic Accounts. of the Province of. Prince Edward Island
Public Accounts of the Province of Prince Edward Island Volume II Operating Fund Financial Statements (Unaudited) Detail of Revenues and Expenditures For the Year Ended March 31 st 2014 Public Accounts
More informationProfessional Wealth Management Since 1901
Locked-in RRSPS and YouR options Professional Wealth Management Since 1901 RBC Dominion Securities Inc. Financial Planning Publications At RBC Dominion Securities Inc., we have been helping clients achieve
More informationUniversity of Victoria Staff Pension Plan
University of Victoria Staff Pension Plan CONTENTS Introduction... 1 Plan Governance... 1 Description of main plan provisons... 2 Membership data... 5 Year in Review... 5 Summary of Investment Policy...
More informationPublic Accounts Volume 1 Consolidated Financial Statements
Public Accounts Volume 1 Consolidated Financial Statements for the fiscal year ended March 31, 2011 The Honourable Graham Steele Minister of Finance Public Accounts Volume 1 Consolidated Financial Statements
More informationSPECIMEN Annual Information Return (AIR) DO NOT SEND IN THIS FORM. AIRs must be submitted to FCAA via the Registration and Licensing System (RLS)
SPECIMEN Annual Information Return (AIR) DO NOT SEND IN THIS FORM. AIRs must be submitted to FCAA via the Registration and Licensing System (RLS) The fields highlighted in yellow are the data that you
More informationThe Memorial University Pension Plan ACTIVITY PLAN. April 1, 2011 to March 31, 2014
The Memorial University Pension Plan ACTIVITY PLAN April 1, 2011 to March 31, 2014 Department of Human Resources Memorial University of Newfoundland St. John s, NL A1C 5S7 (709) 864-7406 pensions@mun.ca
More informationPROVINCE OF NEWFOUNDLAND PUBLIC ACCOUNTS VOLUME II CONSOLIDATED REVENUE FUND FINANCIAL STATEMENTS AND LABRADOR
PROVINCE OF NEWFOUNDLAND AND LABRADOR PUBLIC ACCOUNTS VOLUME II CONSOLIDATED REVENUE FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2007 This Page Intentionally Left Blank. Province of Newfoundland
More informationA NEW PATH FOR ONTARIO UNIVERSITY PENSIONS
universitypension.ca A NEW PATH FOR ONTARIO UNIVERSITY PENSIONS University administrations, faculty associations, unions and other staff groups at University of Toronto, University of Guelph and Queen
More informationN.D.T. INDUSTRY PENSION PLAN REFERENCE BOOKLET
N.D.T. INDUSTRY PENSION PLAN REFERENCE BOOKLET * * * * * * * * Administrator D.A. TOWNLEY & ASSOCIATES LTD. Suite 160-4400 Dominion Street Burnaby, British Columbia V5G 4G3 Telephone: 604-299-7482 Toll
More informationJurisdiction. A bulletin designed to assist with the understanding of the jurisdiction rules of The Pension Benefits Act, fcaa.gov.sk.
Jurisdiction A bulletin designed to assist with the understanding of the jurisdiction rules of The Pension Benefits Act, 1992. fcaa.gov.sk.ca [This page was intentionally left blank] JURISDICTION Essentially,
More informationYork University Pension Fund Statement of Investment Policies and Procedures. Ontario PBA Reg. No
Ontario PBA Reg. No. 0329763 April 2008 Table of Contents SECTION 1: PURPOSE... 1 SECTION 2: TYPE OF PENSION PLAN AND THE NATURE OF THE LIABILITIES... 2 Page SECTION 3: INVESTMENT OBJECTIVES, INVESTMENT
More informationCANADIAN UNION OF PUBLIC EMPLOYEES EMPLOYEES' PENSION PLAN
CANADIAN UNION OF PUBLIC EMPLOYEES EMPLOYEES' PENSION PLAN This text is amended, consolidated and restated at December 31, 2015 and INCLUDES all amendments up to and including Amendment No. 75. TABLE OF
More information2014 MINIMUM WAGE RATE ANNUAL REPORT
DEPARTMENT OF JUSTICE 2014 MINIMUM WAGE RATE ANNUAL REPORT PREPARED BY: POLICY & PLANNING DIVISION DEPARTMENT OF JUSTICE BACKGROUND INFORMATION The Nunavut Labour Standards Act (the Act ) regulates employment
More informationWELCOME TO PENSION SERVICES GLOSSARY OF TERMS
WELCOME TO PENSION SERVICES GLOSSARY OF TERMS Please follow the appropriate links below to find relevant definitions of regularly used pension terms. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
More informationProvince of Newfoundland and Labrador. Public Accounts Consolidated Summary Financial Statements
Province of Newfoundland and Labrador Public Accounts Consolidated Summary Financial Statements FOR THE YEAR ENDED MARCH 31, 2017 Province of Newfoundland and Labrador Public Accounts Consolidated Summary
More informationEstimated total job losses from 10% minimum wage increase across all provinces Upper Bound 321,300 Lower Bound 92,300 Source: CFIB calculations from Statistic Canada s 2009 Labour Force Survey data. iv
More informationWINNIPEG CIVIC EMPLOYEES
The WINNIPEG CIVIC EMPLOYEES BENEFITS PROGRAM 2006 ANNUAL REPORT TABLE OF CONTENTS Program Profile 1 Message from the Chair and Executive Director 6 Winnipeg Civic Employees Benefits Program 8 Managing
More informationFINANCIAL STATEMENTS TABLE OF CONTENTS
FINANCIAL STATEMENTS TABLE OF CONTENTS MANAGEMENT S RESPONSIBILITY FOR FINANCIAL REPORTING...............................47 PROVINCIAL COURT JUDGES PENSION TRUST ACCOUNT FUND................................48
More informationOFFICE OF THE AUDITOR GENERAL
OFFICE OF THE AUDITOR GENERAL Report to the House of Assembly on the Business Plan For the Year Ended March 31, 2014 Table of Contents Chapter 1 Introduction Page 1 2 3 4 5 Highlights and Accomplishments
More informationMinimum Wage. This will make the minimum wage in the NWT one of the highest in Canada.
Backgrounder Minimum Wage The Minister of Education, Culture and Employment will increase the minimum wage in the NWT to $12.50 per hour on June 1 st, 2015. This will make the minimum wage in the NWT one
More informationTax Alert Canada Private company tax reform: Personal tax increases on noneligible dividends scheduled for 2018 and 2019
Issue No. 51 23 November Tax Alert Canada Private company tax reform: Personal tax increases on noneligible dividends scheduled for and EY Tax Alerts cover significant tax news, developments and changes
More informationSTUDENT LOAN CORPORATION OF NEWFOUNDLAND AND LABRADOR ANNUAL REPORT
STUDENT LOAN CORPORATION OF NEWFOUNDLAND AND LABRADOR ANNUAL REPORT 2011-12 TABLE OF CONTENTS CHAIRPERSON S MESSAGE... i 1.0 OVERVIEW... 1 1.1 MANDATE... 2 1.2 VISION... 2 1.3 MISSION... 2 1.4 LINES OF
More informationUniversity. Financial Statements. Pension Plan for the Academic and Administrative. Employees of the University of Regina.
University ()Regina Pension Plan for the Academic and Administrative Financial Statements For the Year Ended PROVINCIAL. AUDITOR tirlskinciwiran INDEPENDENT AUDITOR'S REPORT To: The Members of the Legislative
More informationMortgage Loan Insurance Business Supplement
CANADA MORTGAGE AND HOUSING CORPORATION Mortgage Loan Insurance Business Supplement FIRST QUARTER March 31, 2015 To supplement CMHC s unaudited Quarterly Consolidated financial statements, which are prepared
More informationEMBALMERS AND FUNERAL DIRECTORS BOARD
EMBALMERS AND FUNERAL DIRECTORS BOARD ANNUAL ACTIVITY REPORT 2007 Table of Contents 1. Chair s Message...1 2. Overview...2 3. Highlights and Accomplishments...2 4. Activities...3 5. Opportunities and Challenges
More informationThe Nova Scotia Minimum Wage Review Committee Report
Annual Report January 26 2018 The Nova Scotia Minimum Wage Review Committee Report Minimum Wage Review Committee Report Page 5 of 4 Honourable Labi Kousoulis Minister of Labour and Advanced Education 1505
More informationRegistered Pension Plans
Registered Pension Plans T4099(E) Rev. 16 Before you start Is this guide for you? This guide has general information about pension plans. It is designed to help employers and plan administrators register
More informationPension Plan for the Academic and Administrative. Employees of the University of Regina. Financial Statements
Financial Statements For the Year Ended Statement 1 Pension Plan for the Academic and Administrative Statement of Net Assets Available for Benefits, Accrued Pension Benefits and Surplus As at December
More informationNOVA SCOTIA PUBLIC SERVICE SUPERANNUATION PLAN MARCH 31, 2008
ANNUAL REPORT NOVA SCOTIA PUBLIC SERVICE SUPERANNUATION PLAN MARCH 31, 2008 . Table of Contents Message from the Minister of Finance...1 Public Service Pension Advisory Committee...2 Member Profile...3
More informationBRANDON UNIVERSITY RETIREMENT PLAN ANNUAL REPORT Incorporating the Annual Financial Statements
BRANDON UNIVERSITY RETIREMENT PLAN ANNUAL REPORT - 2016 Incorporating the Annual Financial Statements June 2017 Dear Member: Enclosed is a detailed report on the operation of the Brandon University Retirement
More informationPayments in Lieu of Taxes
Real Property Institute of Canada November 6, 2013 Why are there? Under Section 125 of the Constitution Act, 1867, the property of the Government of Canada is exempt from taxation. Since 1950, the Government
More informationInterim Estimates
TABLED DOCUMENT 2-18(2) TABLED ON FEBRUARY 18, 2016 Interim Estimates 2016-2017 2nd Session 18th Assembly Legislative Assembly of the Northwest Territories Yellowknife, N.W.T. 1 Legislative Assembly $
More informationNet interest income on average assets and liabilities Table 66
Supplemental information Net interest income on average assets and liabilities Table 66 Average balances Interest (1) Average rate (C$ millions, except percentage amounts) 2009 2008 2007 2009 2008 2007
More informationOFFICE CONSOLIDATION OF THE RULES AND REGULATIONS OF THE MULTI-SECTOR PENSION PLAN. (Includes Amendments 1 21 Current to June 30, 2014)
OFFICE CONSOLIDATION OF THE RULES AND REGULATIONS OF THE MULTI-SECTOR PENSION PLAN (Includes Amendments 1 21 Current to June 30, 2014) TABLE OF CONTENTS ARTICLE 1 DEFINITIONS...7 Act...7 Actuary...7 Affiliation
More informationPublic Accounts Volume 2. General Revenue Fund Details
Public Accounts 2016-17 Volume 2 General Revenue Fund Details Public Accounts, 2016-17 Contents 1 Contents 3 Letters of Transmittal 4 Introduction to the Public Accounts 5 Guide to Volume 2 General Revenue
More informationProvince of British Columbia Ministry of Finance MECHANISMS FOR EXPANDING PENSION COVERAGE AND RETIREMENT INCOME ADEQUACY IN CANADA
Province of British Columbia Ministry of Finance MECHANISMS FOR EXPANDING PENSION COVERAGE AND RETIREMENT INCOME ADEQUACY IN CANADA This paper seeks your views on how best to address anticipated future
More informationNewfoundland and Labrador Teachers Pension Plan. Joint Sponsorship Agreement
Newfoundland and Labrador Teachers Pension Plan Joint Sponsorship Agreement 2016 INTRODUCTION This special NLTA publication, entitled Teachers Pension Plan Joint Sponsorship Agreement is intended to provide
More informationHow it works. for Newfoundland & Labrador. Labour s Plan for an improved Canada Pension Plan. Get the job done! canadianlabour.ca
Labour s Plan for an improved Canada Pension Plan How it works for Newfoundland & Labrador RETIREMENT R SECURITY for everyone canadianlabour.ca Labour s plan for retirement security: DOUBLE CANADA PENSION
More informationMULTILATERAL INSTRUMENT LISTING REPRESENTATION AND STATUTORY RIGHTS OF ACTION DISCLOSURE EXEMPTIONS
Definitions Office of the Yukon Superintendent of Securities Ministerial Order Enacting Rule: 2015/19 Instrument Initally effective in Yukon: September 8, 2015 MULTILATERAL INSTRUMENT 45-107 LISTING REPRESENTATION
More information2016 Report to Members University of Victoria Staff Pension Plan
2016 Report to Members University of Victoria Staff Pension Plan Table of Contents Introduction Page 4 Plan Governance Page 4 Plan Provisions Page 6 Pension Benefits Page 7 Membership at a Glance Page
More informationOnce you become a Member of the Plan, you may not withdraw from the Plan so long as you remain employed by the City.
Retirement Benefit Plan for the Employees of the City of St. John s as applicable to Members of CUPE Local 1289, CUPE Local 569, NAPE Local 7808, and Non-Bargaining (Option 1) The Retirement Benefit Plan
More informationTREASURER S GUIDE. To Pension Plan Administration
TREASURER S GUIDE To Pension Plan Administration Participating Employers in the Canadian Baptist Pension Plan Plan name Client/Plan ID Policy Number CRA Registration Number Canadian Baptist Ministries
More informationPlan Member Guide. Teachers Pension Plan
Plan Member Guide Teachers Pension Plan Table of Contents Introduction... 1 Services Provided by ATRF... 2 Becoming a Member... 3 Contributions... 3 Retirement... 5 Pension Formula... 7 Pension Options...
More information(Draft) OSFI 48DB - Application for Registration of a Defined Benefit Pension Plan
UNCLASSIFIED (Draft) OSFI 48DB - Application for Registration of a Defined Benefit Pension Plan (Please refer to the Instruction Guide for the Application for Registration of a Defined Benefit Pension
More informationTax Alert Canada. Investment income earned through a private corporation
2015 Issue No. 59 11 December 2015 Tax Alert Canada Investment income earned through a private corporation EY Tax Alerts cover significant tax news, developments and changes in legislation that affect
More informationNOVA SCOTIA TEACHERS' PENSION FUND
Consolidated Financial Statements of NOVA SCOTIA TEACHERS' PENSION FUND Consolidated Financial Statements Financial Statements Consolidated Statement of Net Assets Available for Benefits and Accrued Pension
More information2012 Annual Report. Graphs, charts and tables. January 1, 2012, to December 31, MPP AR Graphs Tables
Annual Report Graphs, charts and tables January 1,, to December 31, 98-083 MPP AR Graphs Tables 2013.08.22 1 Contents Account Investment Asset Mix and Performance Table...3 Active Members Profile by Gender
More informationCONSULTATION PAPER THE PENSION BENEFITS ACT REVIEW. January 2018
CONSULTATION PAPER THE PENSION BENEFITS ACT REVIEW January 2018 CONSULTATION PAPER THE PENSION BENEFITS ACT REVIEW Department of Finance January 10, 2018 TABLE OF CONTENTS Part 1 - Introduction Part 2
More informationCanada s Pension Landscape Percentage of assets by province/territory
Methodology Part 1: The research is based on the top 1,000 pension plans in Canada, which have a total asset value of $1.12 trillion, as collected by Rogers Canadian Institutional Investment Network (CIIN).
More informationSaskatchewan Labour Force Statistics
Saskatchewan Labour Force Statistics April 2017 UNADJUSTED DATA According to the Statistics Canada Labour Force Survey during the week covering April 9 th to 15 th,, 2017, there were 560,100 persons employed
More informationItem No. Audit and Finance Standing Committee October 18, 2017
PO Box 1749 Halifax, Nova Scotia B3J 3A5 Canada Item No. Audit and Finance Standing Committee October 18, 2017 TO: SUBMITTED BY: Chair and Members of Audit and Finance Standing Committee Original Signed
More informationItem No Audit and Finance Standing Committee July 18, 2018
PO Box 1749 Halifax, Nova Scotia B3J 3A5 Canada Item No. 12.2.1 Audit and Finance Standing Committee July 18, 2018 TO: Chair and Members of Audit and Finance Standing Committee Original Signed SUBMITTED
More informationInsolvency Statistics in Canada. September 2015
Insolvency Statistics in Canada September 2015 List of Tables Table 1: Total Insolvencies... 1 Table 2: Insolvencies Filed by Consumers... 2 Table 3: Insolvencies Filed by Businesses... 3 Table 4: Insolvencies
More informationCanada Post Corporation Registered Pension Plan Financial Statements
Canada Post Corporation Registered Pension Plan 2016 Financial Statements Table of Contents Management s Responsibility for Financial Reporting... 1 Actuaries Opinion... 2 Independent Auditors Report...
More informationELCIC Pension Plan. Canada Revenue Agency Registration No
Schedule A ELCIC Pension Plan Canada Revenue Agency Registration No. 0533240 Amended and restated effective January 1, 2016, including amendments up to and including April 1, 2017 Certified to be a true
More informationPENSION PLAN FOR CUPE EMPLOYEES OF NEW BRUNSWICK HOSPITALS
PENSION PLAN FOR CUPE EMPLOYEES OF NEW BRUNSWICK HOSPITALS ADMINISTRATOR S REPORT 31 December 2009 Prepared by: Pensions and Employee Benefits Office of Human Resources ISBN: 978 1 55471 574 9 MESSAGE
More informationPublic Accounts. Prince Edward Island. Volume I Financial Statements. For the Year Ended March 31st. of the province of
Public Accounts of the province of Prince Edward Island Volume I Financial Statements For the Year Ended March 31st 2004 To His Honour The Honourable J. Léonce Bernard Lieutenant-Governor of the Province
More informationUNIVERSITY OF GUELPH PENSION PLANS. Statement of Investment Policies and Procedures. Effective September 27, 2012
UNIVERSITY OF GUELPH PENSION PLANS Statement of Investment Policies and Procedures Effective September 27, 2012 It is hereby certified by the undersigned that this Statement of Investment Policies and
More informationTABLE OF CONTENTS Message /1 Program Profile /3 Program Governance /6 Funded Status /7 Key Actuarial Assumptions /10 Investment Performance /15
2016 ANNUAL REPORT TABLE OF CONTENTS Message /1 Program Profile /3 Program Governance /6 Funded Status /7 Key Actuarial Assumptions /10 Investment Performance /15 Member Services /19 Actuarial Opinion
More informationThe Pension Benefits Regulations, 1993
1 The Pension Benefits Regulations, 1993 being Chapter P-6.001 Reg 1 (effective January 1, 1993) as amended by an Errata Notice (published in The Saskatchewan Gazette August 27, 1993) and by Saskatchewan
More informationProvince of Newfoundland and Labrador. Public Accounts Volume II Consolidated Revenue Fund Financial Statements
Province of Newfoundland and Labrador Public Accounts Volume II Consolidated Revenue Fund Financial Statements FOR THE YEAR ENDED MARCH 31, 2014 Province of Newfoundland and Labrador Public Accounts Volume
More informationUniversity Of Guelph Town Hall Presentation On the University Pension Plan (UPP)
University Of Guelph Town Hall Presentation On the University Pension Plan (UPP) This is a presentation prepared by the University of Guelph for its employees and retirees and is based on the University
More informationProvince of Newfoundland and Labrador. Consolidated Revenue Fund Financial Information
Province of Newfoundland and Labrador Consolidated Revenue Fund Financial Information FOR THE YEAR ENDED MARCH 31, 2015 Province of Newfoundland and Labrador Consolidated Revenue Fund Financial Information
More informationEstimate Request for Canada Pension Plan Retirement Pension and Post-Retirement Benefit
Estimate Request for Pension Plan Retirement Pension and Post-Retirement Benefit You may also visit the website at servicecanada.gc.ca/calculator to use the online retirement calculator to estimate your
More information